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The Economic Times
The Economic Times

Indian rupee FX premiums jump after RBI policy leaves traders bracing for more sell/buy swaps

The dollar-rupee forward premiums soared on Wednesday, with traders bracing for more sell/buy FX swaps by the Reserve Bank of India after the central bank announced no new liquidity-withdrawal measures at its policy meeting.

The implied 1-year dollar/rupee forward premium climbed 20 basis points to 3.66%, its highest in six months.

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